Consumers Break Out the Credit Cards in May

July 8, 2013
USA Today 
credit card news

A new report from the Federal Reserve shows an 8.3 percent annualized gain in consumer credit to a seasonally adjusted $19.6 billion in May, indicating a rise in consumer confidence as the job market picks up steam. Non-revolving credit, including student loans and car loans, edged up to $1.98 trillion from $1.97 trillion in April. Credit-card debt and other revolving credit, meanwhile, posted an annualized gain of 9.3 percent from $849.9 billion in April to $856.5 billion in May.
Web Link







Abstract News © Copyright 2008-2013 INFORMATION, INC.
Powered by Information, Inc.

Stay Updated

Join the fight against predatory lending. Enter your e-mail to sign up for breaking news, action alerts, and CRL's original research.

   Please leave this field empty
  

Help Us End Predatory Lending

Predatory lending destroys family wealth, and preys on our most vulnerable communities. You can help us end abusive lending practices by donating to CRL, or by sharing our work with others.



`